An enduring power of attorney and enduring power of guardianship are critical legal steps families need to take. Here is why.
The Australian Bureau of Statistics on 19 August 2020 published the provisional mortality statistics for January to May 2020 and reported that dementia, including Alzheimer disease, is the second leading cause of death in Australia and that counts of deaths from dementia have increased steadily over the past 20 years.
The report also says:
- There were 5,794 deaths from dementia, including Alzheimer disease, occurred between 1 January and 26 May 2020.
- The average number of deaths for the same period from 2015 to 2019 was 5,026.
- Deaths due to dementia were above historic averages in all weeks from January through to the end of April. Numbers of deaths decreased in May, with counts falling below 5 year averages in mid-May. It is likely counts of dementia deaths for May will increase as additional deaths are registered and included in future reports.
- Over the four weeks from 18 March to 14 April 2020 there were a total of 1,198 deaths, 223 more than the historic average for 2015-19.
You can see the full report here: https://www.abs.gov.au/ausstats/abs@.nsf/0/0E25B19FEA63D324CA25859000222EBD?Opendocument
An enduring power of attorney and the enduring power of guardianship allows you to appoint someone you trust to make financial and lifestyle decisions for you in the event you are unable to make those decisions for yourself due to illness such as dementia and Alzheimer disease.
Enduring powers of attorney and guardianship are documents you should include in your estate plan along with your Will to give peace of mind that the right people are appointed to make decisions for you in the case of incapacity.
With dementia and Alzheimer disease on the rise in Australia, it’s important to consider these documents with your estate planning lawyer.
Clairs Keeley has more information on setting up an Enduring Power of Attorney and one of our lawyers can explain everything and organise everything hassle-free. Simply contact us for a quote.